Mining giant BHP walks away from bid for company behind North Yorkshire fertiliser mine
A potential mining mega-merger has been stopped in its tracks after BHP confirmed it would not be making a bid for Anglo American.
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A potential mining mega-merger has been stopped in its tracks after BHP confirmed it would not be making a bid for Anglo American.
BHP Group has confirmed that it does not intend to make a firm offer for fellow mining business Anglo American plc. A £34bn takeover proposal was rejected by Anglo American earlier this month.
The companies have been in talks over a deal worth almost £39billion since Wednesday May 22 amid efforts to agree on the structure for a potential takeover
Anglo American on Wednesday rejected a request from BHP Group to extend takeover talks, as the deadline for discussions looms later in the session.
Investegate announcements from Anglo American response to Rule 2.8 announcement